Resonant Inc. (RESN) Stock: Here’s Why It’s Falling

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Resonant Inc. (RESN) is headed up in the market today. The stock, one that is focused on the tech industry, is presently trading at $2.08 after tumbling -5.02% so far in today’s session. When it comes to tech companies, there are quite a few factors that have the ability to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines associated with RESN:

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Oct-29-19 11:45AM Semiconductors Radio Frequency Industry Prospects Bright
Oct-23-19 07:05AM Resonant to Host Third Quarter 2019 Financial Results Conference Call on Tuesday, November 5th at 1:30 p.m. Pacific Standard Time
Oct-21-19 07:00AM Resonant Customers Shipped More Than 1.5 Million Units in Q3 2019 Exceeding First Half 2019 Shipments
Oct-15-19 08:00AM MicroCap Rodeo – Investor Conference Lineup for October 15 and 16, 2019
07:00AM Resonant Receives First Pre-Paid Royalty Payment of $2 Million from Murata Manufacturing Co., Ltd.

Nonetheless, when making a decision with regard to investing, investors should focus on much more than just news, especially in the ever evolving technology sector. Here’s what’s going on with Resonant Inc..

The Performance That We’ve Seen From RESN

Although a move down in a single session, like what we’re seeing from Resonant Inc. might cause fear in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s always a good idea to look into trends beyond a single session. When it comes to RESN, below are the movements that investors have experienced:

  • Weekly – In the last week, RESN has produced a change in price amounting to -8.77%.
  • Past 30 Days – The monthly ROI from Resonant Inc. works out to -23.81%.
  • Quarterly – In the last quarter, the company has produced a return on investment that comes to -14.40%
  • Bi-Annually – In the past six months, we’ve seen a change of -25.18% from the company.
  • This Year So Far – Since the the last trading session of last year RESN has resulted in a return on investment of 56.39%.
  • Full Year – Lastly, over the last year, we have seen performance that comes to -30.67% out of RESN. Over this period, the stock has sold at a high price of -48.00% and a low of 125.35%.

Ratios That Are Notable

Looking at various key ratios having to do with a company generally gives investors a view of just how dangerous and/or potentially profitable a stock pick may be. Below are a few of the most important ratios to think about when digging into RESN.

Short Ratio – The short ratio is a tool that’s used by investors to measure the amount of short interest. As the short ratio climbs, it means that more investors have a belief that the price of the stock is headed for declines. Throughout the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, in relation to Resonant Inc., it’s short ratio is 16.85.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure whether or not a company can pay its debts as they mature using current assets or quick assets. Because in tech, many companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the current and quick ratios can be upsetting. However, some good picks in the technology space come with good current and quick ratios. In terms of RESN, the quick and current ratios add up to 3.10 and 3.10 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. In the case of Resonant Inc., the book to share value ratio works out to 0.43.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. In this case, the cash to share value is 0.37.

Show Me The Big Money

One thing that I have learned in my short time alive, or somewhat alive has been that smart money tends to follow the moves made by big money investors. That is to say, investors that want to keep the risk down will follow investments made by institutions and insiders. So, is big money interested in regard to RESN? Here’s the information:

Institutions own 32.70% of the company. Institutional interest has moved by 4.51% over the past three months. When it comes to insiders, those who are close to the company currently own 6.10% percent of RESN shares. Institutions have seen ownership changes of an accumulative 27.13% over the last three months.

How Analysts Feel About Resonant Inc.

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their thoughts when validating your own thoughts before making an investment decision in the technology sector. Below you’ll find the recent moves that we have seen from analysts when it comes to RESN.

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May-09-19 Reiterated Craig Hallum Buy $5 → $4
Jun-22-18 Initiated Loop Capital Buy
Mar-27-18 Initiated Needham Buy $6
Dec-05-17 Initiated National Securities Buy $14
Apr-25-17 Initiated Rodman & Renshaw Buy $8

Earnings

What have ween seen from RESN in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands, Wall St. analysts are expecting that the company will report earnings per diluted share in the amount of -0.55, with -0.20 to be reported in the next financial report. Although this information is not earnings driven, since we are chatting about analysts, Resonant Inc. is currently rated a 0 considering a scale that ranges from 1 to 5 on which 1 is the worst average Wall St. analyst grade and 5 is the best possible.
  • 5-Year Sales – Over the last half decade, Resonant Inc. has reported a movement in sales that adds up to 0. Earnings through the past half decade have seen movement in the amount of 7.50%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly represented in the human world, Resonant Inc. has created a change in earnings that amounts to -19.40%. Resonant Inc. has also experienced a change in terms of revenue that totals 0.00%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 28.41M shares of Resonant Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, RESN has a float of 21.54M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to RESN, the short percent of the float is 16.30%.

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